{
  "url": "https://openlegislation.uk/financial-assistance-scheme-halting-annuitisation-regulations-2007/note",
  "json_url": "https://openlegislation.uk/financial-assistance-scheme-halting-annuitisation-regulations-2007/note.json",
  "legislation": "uksi/2007/2533",
  "legislation_title": "The Financial Assistance Scheme (Halting Annuitisation) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/financial-assistance-scheme-halting-annuitisation-regulations-2007",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations make provision requiring the trustees of certain pension schemes in relation to the Financial Assistance Scheme (FAS) not to purchase or to agree to purchase annuities during the “prohibition period”.\nRegulation 1 makes provision in relation to the commencement and extent of the regulations, and sets out a definition of “prohibition period” as being nine months beginning with the date on which these Regulations come into force.\nRegulation 2 provides that trustees of certain schemes must not purchase or agree to purchase annuities during the prohibition period, subject to certain exceptions.\nParagraphs (3) and (4) set out the procedure by which the FAS scheme manager may approve the purchase of annuities during the prohibition period.\nA regulatory impact assessment has not been published for this instrument as it has only a negligible impact on business, charities and voluntary bodies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/2533/note",
    "retrieved_at": "2026-10-29T03:44:34.155968+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}